In a significant move, Phoenix Wallet, a popular Bitcoin Lightning Network wallet, has announced its decision to withdraw its services from the United States market. The decision comes amidst increasing regulatory scrutiny and concerns over potential legal repercussions.

On May 3rd, 2024, @PhoenixWallet will be removed from US app stores.

Users from the US should empty their wallet:– Settings > Close channels (Android)– Settings > Drain wallet (iOS)

We highly recommend *not force-closing* channels, as on-chain fees could be significant.

— Phoenix Wallet (@PhoenixWallet) April 26, 2024

It’s worth mentioning that in recent days, the Bitcoin community was rattled by…

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